The cryptocurrency market is very hot, and traders are facing increasing volatility. Which crypto exchanges are the most popular and reliable? In this article, AtoZ Markets reviews the top 10 Bitcoin exchanges to watch out for in 2021.
March 23, 2021 | AtoZ Markets – As more and more new traders join the cryptocurrency race, the common question is "Where can I buy Bitcoin (BTC)?" While seasoned cryptocurrency traders and investors know where to go, beginners usually have no idea.
In this article, we are looking at a wide range of top 10 Bitcoin exchanges worth paying attention to this year.
Which are the best Bitcoin exchanges?
The top 10 Bitcoin exchanges in 2021 that we’ll be discussing are:
What are the main features of reliable crypto exchanges?
The best Bitcoin exchanges are going to have unmatched security features as their main point of reference. Also, such exchanges should possess decent fees, and be easy to use, even for beginner cryptocurrency traders. Bitcoin exchanges such as Zeply and Coinbase do tick all of these points!
Top 10 Bitcoin exchanges in 2021
Zeply is a relatively new exchange on the market but is rapidly gaining popularity. What makes Zeply so special? Well, for starters, the exchange is registered in Kotkapoja 2a-4 10615 Tallinn, Estonia, with registration number 14729704. Zeply is also licensed by the Estonian Financial Intelligence unit under license number FVT000128, thus making it safe.
Currently, Zeply offers users the opportunity to buy, exchange and store Bitcoin instantly, with Zero fees.
Zeply also offers their clients strong security and protection through SSL encryption technology and 2 Factor authentication. Such security protocols are implemented through SMS messaging, email and Google's Two-Factor-Authenticator.
It is undoubtedly the most popular exchange in the world when it comes to spot transactions and derivatives. The Binance exchange gained importance during the boom in 2017-2018 and has not looked back since then.
Binance has a staggering daily turnover of $27 billion. No other crypto exchange comes even close to the volume Binance is doing. It is well known for being easy to use while remaining a centralized exchange.
The exchange offers several fiat platforms to fund your account and also provides over 275 cryptocurrencies for trading. However, it looks like Binance will remain the largest crypto exchange on the market for the foreseeable future. Therefore, it is always worth taking into account.
Without a doubt, the most popular crypto exchange in North America, Coinbase was founded in 2012. As one of the oldest exchanges on our list, Coinbase boasts over 43 million verified users in 100 countries.
Coinbase currently generates over $5.7 billion in daily volume. Equipped with over 44 cryptocurrencies, the exchange remains a vital gateway to the crypto space for Americans. Coinbase offers easy-to-use fiat gateways. In addition, the exchange is secured with insurance, which is very convenient.
Huobi was originally established in 2013 with their offices based in China. However, due to the changing regulatory landscape around Bitcoin and other cryptocurrencies in China, Huobi moved its exchange operations out of the country in 2017. The Bitcoin exchange is mostly known for its strong trading volumes in the Asia market.
Huobi has one of the largest lists of tradeable assets of any exchange on the market and utilizes all the latest security features for exchanges with client’s funds held in dedicated multi-signature cold wallets and 24/7 system monitoring.
Founded in July of 2011, Kraken is one of the crypto exchanges that have garnered widespread respect within the industry among traders.
At Kraken, you will also find a wide range of more than 40 other cryptos including Bitcoin, Ethereum, Litecoin, and more. Their low fees help make Kraken a very attractive choice to traders. Two of the most popular and unique trading features you will find at Kraken are the ability to trade crypto futures, and the chance to engage in crypto margin trading with extensive leverage up to 50:1. This is great for more advanced traders and can be done through the also innovative Kraken trading platforms.
With trading platforms available to suit different levels of trading experience, you will find that Kraken caters well for you no matter which level you are trading at. Everyone from complete beginners, to seasoned veterans, are taken care of there.
Known as one of the older crypto exchanges, Bittrex became famous as the most popular place to trade in early 2017, before the bull market where Bitcoin hit $20,000. Unfortunately, Bittrex was unable to cope with the influx of new traders and Binance emerged to take over the market share.
Bittrex offers a huge range of cryptocurrencies - around 315 different coins to be traded on the global stock exchange. Bittrex is also available for iOS and Android.
Commonly known as a social crypto exchange and multi-asset broker, eToro has entered a cryptocurrency whirl. Now it even offers a specialized cryptocurrency in the form of eToroX.
eToro offers professional services for corporate and institutional crypto investors. The popular exchange currently generates over $467 million in daily volume on eToroX.
eToro is well known as the world's leading social trading platform. It is certainly worth paying attention to in 2021.
Robinhood burst onto the financial services scene in 2015 with commission-free trading of stocks and exchange-traded funds (ETFs). Thanks to its mobile-first approach and a promise to make investment easy and affordable, the platform quickly caught the fancy of the new and experienced traders alike.
While the platform has been mired in controversy thanks to its handling of the recent GameStop short squeeze, it continues to be popular because it allows users to trade in stocks, options, and ETFs via smartphone and charges minimal brokerage fees.
Starting in February 2018, the platform began to allow its users to trade cryptocurrencies as well. It started with just Bitcoin and Ether and has gradually increased the number of coins that can be traded on the platform.
However, the service is available to US users only and cryptocurrency purchased cannot be moved into non-custodial wallets nor used to make payments of any kind.
Crypto.com is a centralized exchange well known for introducing an initial coin offering (ICO) in 2017. The project has since been rebranded in Monaco to Crypto.com, where it paid $12 million for the domain name it currently operates under.
The project has come a long way since the ICO, now offering exchange, debit card service, crypto payment solutions as well as a wallet of decentralized finance (DeFi). Crypto.com currently exceeds around $ 284 million in daily volume and offers an iOS and Android mobile app to manage user funds for trading or card spending.
The Changelly crypto exchange is starting our list. Established in 2015, the exchange is well known for exchanging cryptocurrencies with no user funds on the exchange.
With over 150 cryptocurrencies on offer, users can exchange them via the Changelly website or mobile apps available for Android and iOS.
Changelly also boasts over a million monthly visitors. With fast transactions, 24/7 live support, and a reputation spanning six years of existence, Changelly is an exchange you can trust should you ever need to.
How to choose the best Bitcoin exchange in 2021?
Picking out the best crypto exchange for yourself, you should always focus on maintaining a balance between the essential features that all top crypto exchanges should have, and those that are important to you, personally.
For example, some common features that the top Bitcoin exchanges in 2021 should possess before making your choice are:
- Security — Security is a major concern for crypto investors. If an exchange or wallet can be easily hacked, the platform should be avoided.
- Reputation: The single most important aspect in the cryptocurrency space and one that you can easily check yourself by looking at individual user reviews on forums such as Reddit.
- Fees: This one will become more important before you actively start using the platform and change and can vary wildly from one exchange to another so make sure to find the fee model that suits your trading style the best.
- KYC Verification: While some platforms allow anonymous trading, a massive portion of the best crypto exchanges in the world require some form of identity check in order to deposit or withdraw funds. This is to prevent fraud and money laundering
- Geoblocking: Due to immature regulations, not every platform can be available across the globe.
All of the top 10 Bitcoin exchanges in this 2021 list have earned their reputation one way or the other. Be that through offering great customer services and communicating properly with their communities or simply having millions of happy users. Once you’ve found the one that suits your needs, you might be ready to think of a better, more stress-free way to trade.
Think we missed something? Let us know in the comment section below.